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TAX NEWS - June 2010

Thai Tax: Thai Cabinet Expands Tax Incentives To Boost Tourism Industry

BANGKOK -- Thai Cabinet has approved a plan to expand a tax incentive scheme to help revive the tourism industry, hit hard by the latest wave of political turmoil.

Individuals will be allowed to deduct up to THB15,000 ($463) for expenditure on accommodation bills paid to local hotels from their taxable income when computing their annual personal income tax, the government said in a statement Wednesday.

The incentive is an extension of last week's approval of a THB15,000 tax deduction allowance for individuals buying domestic package tours from local operators.

Thai Ministry of Finance will work on details of the tax scheme.
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